Kovack Advisors, INC.
Assets Under Management
$5.5B
Number of Clients
14,305
Number of Advisors
268
Average Client AUM
$387K
AUM per Advisor
$20.6M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Kovack Advisors, Inc. offers personalized asset management services (discretionary and non-discretionary), recommendation of third-party asset managers, and financial planning services. They do not specialize in a particular type of advisory service or specific investments. Financial planning covers general, risk management, and special planning needs.
Fee Structure
KAI charges a maximum annual asset management fee of 2.90%, negotiable based on service complexity and assets managed. Fees are billed quarterly or monthly in advance. Financial planning fees are negotiable, with a maximum hourly rate of $350. Fees for managing held-away assets are paid directly by the client or deducted from another managed account. Clients may incur additional brokerage commissions, transaction fees, and custodial fees.
Areas of Practice
Location
6451 N. Federal Hwy, Suite 1201, Ft. Lauderdale, FL, 33308